Danske Bank A/S, which has survived housing bubbles in Denmark and Ireland, is predicting that Sweden's bloated property market faces a period of deflation as job losses mount to collide with record debt levels.
"To say there is a bubble in Sweden is to exaggerate, but we believe we could see a slow puncture of the housing market," Ann Krumlinde, chief executive officer at Danske's Swedish unit, said in an interview here. "If we get an increase in unemployment, there is a risk that will trigger a correction."..............................................Full Article: Source